Wednesday
November 11, 2009
Charles T. Drevna: 'Cap-and-Trade Creates More Certainty… for Higher Unemployment'
NPRA President Charles T. Drevna writes in The Hill's Congress Blog (11/11/2009):
The Senate Finance Committee yesterday convened a hearing to consider the impacts to jobs in the United States that would result from approval of pending climate change legislation. Given the state of the financial markets, how a carbon trading scheme would operate and who would be in charge of it, it is entirely appropriate that this Committee be involved in the process.
The National Petrochemical & Refiners Association (NPRA) submitted written testimony for the record highlighting the effects pending climate legislation would have on American energy jobs. Simply stated, NPRA believes that both H.R. 2454 and S. 1733 would drive domestic gasoline and diesel production offshore, resulting in lost jobs for American workers and the outsourcing of our nation’s energy security to regions of the world that do not follow our already stringent environmental protections.
The fact is that both the House and Senate versions of cap-and-trade legislation would have devastating impacts on American businesses across the economic spectrum, specifically on the domestic refining and petrochemical companies that fuel our economy and power American ingenuity – to say nothing of the adverse effects on their hundreds of thousands of employees and families.